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742 W Higgins Rd 2,050 - 7,050 SF of Retail Space Available in Park Ridge, IL 60068
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste #1 & 2 | 4,000-5,000 SF | Negotiable | $45.00 /SF/YR $3.75 /SF/MO $225,000 /YR $18,750 /MO | Triple Net (NNN) | ||
| 1st Floor, Ste 7 & 8 | 2,050 SF | Negotiable | $39.00 /SF/YR $3.25 /SF/MO $79,950 /YR $6,663 /MO | TBD |
742 W Higgins Rd - 1st Floor - Ste #1 & 2
Second-generation restaurant space totaling approximately 5,000 square feet, featuring two fully built commercial kitchens. Originally developed as a 4,000 SF full-service restaurant, the space was later expanded to include an additional 1,000 SF dedicated takeout kitchen, allowing for high-volume off-premise and delivery operations. Both kitchens are equipped with 20-foot Type I hoods. The primary kitchen includes a heat extraction system suitable for ovens and commercial dishwashing stations. The space also features an enclosed, heated and cooled patio of approximately 1,200 SF, functioning as year-round interior seating. Ownership can demises the space to approximately 4,000 SF if desired (enclosed patio not included in 4,000 SF calculation), providing flexibility for various restaurant concepts.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
- Central Air and Heating
- Freezer Space
- High Ceilings
- Plug & Play
742 W Higgins Rd - 1st Floor - Ste 7 & 8
Total gross rental rate of $10,700 per month which includes property tax and CAM. There is also a patio space included which is approximately 1,200 SF
- Fully Built-Out as a Fast Food Restaurant
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Freezer Space
- Corner Space
- High Ceilings
- Plug & Play
- Smoke Detector
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 742 W Higgins Rd, Park Ridge, IL 60068
- Tenant
- Description
- US Locations
- Reach
- Baskin-Robbins
- Ice Cream
- 14
- International
- D'Agostino's Pizzeria and Pub
- Restaurant
- 1
- -
- D'agostino's-Park Ridge
- Accommodation and Food Services
- -
- -
- Floyd's Barbershop
- Salon/Barber/Spa
- 153
- National
- Prime Tobacco & Cigar
- Tobacco
- 1
- -
- Tone-Up Club
- Arts, Entertainment, and Recreation
- 1
- -
| Tenant | Description | US Locations | Reach |
| Baskin-Robbins | Ice Cream | 14 | International |
| D'Agostino's Pizzeria and Pub | Restaurant | 1 | - |
| D'agostino's-Park Ridge | Accommodation and Food Services | - | - |
| Floyd's Barbershop | Salon/Barber/Spa | 153 | National |
| Prime Tobacco & Cigar | Tobacco | 1 | - |
| Tone-Up Club | Arts, Entertainment, and Recreation | 1 | - |
Property Facts
About the Property
742 W Higgins Rd is a multi-tenant retail property positioned along the highly trafficked Higgins Road commercial corridor in Park Ridge. The property offers strong visibility, convenient access, and ample on-site parking, serving a dense and established residential community. The center has a proven history of successful restaurant and quick-service operations, making it an ideal location for national and regional food operators. Existing restaurant infrastructure within the available spaces significantly reduces buildout timelines and capital investment compared to ground-up construction or vanilla shell space. The combination of strong suburban demographics, corridor traffic, patio activation, and existing commercial kitchen improvements creates a turnkey opportunity for food and beverage users seeking immediate market presence. Prime Higgins Road Corridor Location: Positioned along a highly trafficked commercial artery in Park Ridge with strong daily vehicle counts, established retail presence, and excellent suburban demographics. The location offers immediate brand visibility and convenient access for both local residents and commuter traffic. Second-Generation Restaurant Infrastructure The property features substantial existing restaurant buildout, including multiple 20-foot Type I hoods, full commercial kitchen systems, and ventilation infrastructure. This dramatically reduces tenant buildout costs and shortens time to opening compared to new construction or vanilla shell space. Flexible Space Configurations The former DUA space offers approximately 5,000 SF and can be demised to 4,000 SF, accommodating full-service, fast-casual, or hybrid dine-in/takeout models. The former Dunkin’ space provides an efficient 2,000 SF QSR layout ideal for beverage-forward or counter-service operators. Indoor and Outdoor Patio Activation The main restaurant includes a 1,200 SF enclosed, heated and cooled patio functioning as year-round interior seating. The QSR space includes a 1,200 SF open patio, enhancing customer experience and seasonal capacity. Proven Restaurant Location Both spaces were previously occupied by established food operators, confirming viability for QSR and restaurant concepts. Existing kitchen layouts and service flow are optimized for high-volume operations. Attractive Lease Structure Competitive base rents with clearly defined NNN expenses provide transparency and market positioning that appeals to national brands and franchise groups seeking predictable occupancy costs. Turnkey Opportunity with Capital Savings The embedded kitchen infrastructure and patio buildouts represent significant value, potentially saving incoming tenants substantial upfront construction and equipment costs. This property delivers operational readiness, brand visibility, and suburban consumer density—an ideal combination for national and regional restaurant operators.
- 24 Hour Access
- Bus Line
- Corner Lot
- Freeway Visibility
- Metro/Subway
- Mezzanine
- Restaurant
- Signage
- Signalized Intersection
- Skylights
- Tenant Controlled HVAC
Nearby Major Retailers
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742 W Higgins Rd
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